The relation between administrative corruption & economic growth in low income and medium income countries
Subject Areas : International Journal of Finance, Accounting and Economics Studies
Keywords: Capital stock, administrative corruption, Economic growth, Labor force,
Abstract :
Corruption is almost exist in all human societies throughout thehistory. Any continuation of corruption in different ages made most ofresearchers and policy makers to consider corruption as an inevitablepart of human being challenges (Mukum, 2008).Administrative corruption is common in most developed and/orunder developed countries.In other words, there is no country in the world that has notexperienced a form administrative corruption. In fact, where there is agovernment, there will be administrative corruption as well. For thispurpose, the present paper will firstly explain and define corruption. Thenwe will concert relation between administrative corruption and economicgrowth in low income and medium income countries by using panel dataregression models.According to the results, it was revealed that there is a converse andmeaningful relation between corruption and economic growth.Furthermore, there is a direct & meaningful relation between capital stockand labor force with economic growth in low income and medium incomeCountries.